A General Equilibrium Model of Family Remittances to Cuba: Or Why Is It So Expensive to Send Mone... more A General Equilibrium Model of Family Remittances to Cuba: Or Why Is It So Expensive to Send Money to the Island? is part of the 2002 Annual Proceedings of The Association for the Study of the Cuban Economy.
The Effect of Socialism on the Entrepreneurial Abilities of Cuban-Americans is part of the 1996 A... more The Effect of Socialism on the Entrepreneurial Abilities of Cuban-Americans is part of the 1996 Annual Proceedings of The Association for the Study of the Cuban Economy.
As the title of my paper suggests, my comments will focus on institutions. Specifically, I wish t... more As the title of my paper suggests, my comments will focus on institutions. Specifically, I wish to emphasize that what we refer to as an economic system is a set of institutions, so that economic restructuring essentially involves institutional change. In this paper I will discuss some of the institutional requirements of a market economy and consider whether the changes occurring in Cuba are a substantial move in that direction or simply a public relations ploy to improve the Castro government’s image abroad.
The Effect of Learning English on the Earnings of Hispanic Men is part of the 1991 Annual Proceed... more The Effect of Learning English on the Earnings of Hispanic Men is part of the 1991 Annual Proceedings of The Association for the Study of the Cuban Economy.
We investigate the effect of speaking Spanish, for Hispanic children who grew up in the U.S., on ... more We investigate the effect of speaking Spanish, for Hispanic children who grew up in the U.S., on completed schooling and aptitude test scores using the NLSY79. We model the accumulation of traditional human capital and English fluency, leading to the joint determination of the outcome variables. We find that speaking Spanish reduces test scores with no significant effect on completed schooling. The reduced test scores: 1) increase in three of the tests when the parents are more educated; 2) are more dramatic when the choice of home language is endogenous; and 3) are not systematically greater for verbal tests.
It is said that one of the positive features that many transition economies of Eastern Europe and... more It is said that one of the positive features that many transition economies of Eastern Europe and the former Soviet Union have going for them as they try to close the gap with their western neighbors is their relatively high levels of education, and therefore of human capital. Campos and Coricelli (2002) charac- terize as the "conventional wisdom" the view
All former communist countries undergoing transi- tions to market economies have faced the diffic... more All former communist countries undergoing transi- tions to market economies have faced the difficult question of whether or not to compensate those whose property had been confiscated by the previous, now deposed, regime. If a country determines that it will give compensation, it must then decide who will be eligible, how much compensation will be given, and what form it
The North American Journal of Economics and Finance, 1994
Unnecessarily delaying perishable goods at customs is a tool that can be used to reduce the value... more Unnecessarily delaying perishable goods at customs is a tool that can be used to reduce the value of imported goods-thereby helping domestic producers of those goods-or to punish a country whose policies are not to the importing country's liking. In the absence of data on actual transit times of goods through customs, such delays are difficult to detect. The article looks for traces of such a policy in the behavior of prices and quantities of cut carnations in the United States, incorporating a model of the U.S. Customs Service as an agency that balances the interests of American producers and consumers into a model of the U.S. carnation market, where almost all imports come from Colombia. A key implication of the model is that the demand for imported carnations appears to be less elastic than it really is.
The Quarterly Review of Economics and Finance, 1997
The a.borigi?zaf d~t~b~Lt~~~ of ~a~~~~~a~ irk North Alnerka is found not to be positively related... more The a.borigi?zaf d~t~b~Lt~~~ of ~a~~~~~a~ irk North Alnerka is found not to be positively related to the richrkess of the n&ml ~~~r~~r~l~, cantmy to thr: ~edicti~~ of the ~~~u~th~s~ark model, the dominant one irk Anthr~lo~y. Great aln4ndurtce of some reso?&rces can encourage nomadism or rake thtz productivity of women, two detuminarkts qf the cost qfc/kildr??n, which I find are associated with lower abotiginal population density umong a sample of tribes of Norttk American Indians. POPULATION EQUILIBRIUM IN PRIMITIVE SOCIETIES 749 POPUIATION EQUILIBRIUM IN PRIMITIVE SOCIETIES 767 8. See the earlier quotation from Marshall Sahlins. 9. This rate was computed from those societies with both pre and post-epidemic estimates. 10. The important role of forest is because the implements of the Indians were not suitable for breaking up the tough grasses of open land (Driver and Massey, 1957, p. 225).
A model is presented in which scale economies give market production a cost advantage over househ... more A model is presented in which scale economies give market production a cost advantage over household production, but in which market production is limited by the extent of the market. The author views the production process as a series of stages, each further refining and specializing the product of the previous stage. As processing proceeds, the number of intermediate goods
... If agriculture were not possible, the constraint would continue on to point E. At the Other e... more ... If agriculture were not possible, the constraint would continue on to point E. At the Other end of the household's constraint, along segment CD, the household is engaged in both hunting-gathering and agriculture. In this range it is also the case that the constraint set is convex ...
This LSMS working paper includes two reports that are p t of a larger study on "Health Care Deman... more This LSMS working paper includes two reports that are p t of a larger study on "Health Care Demand and Resource Mobilization".
In this paper, we derive a discrete choice model of the demand for medical care from a theoretica... more In this paper, we derive a discrete choice model of the demand for medical care from a theoretical model that implies a natural interrelation between price and income.
A General Equilibrium Model of Family Remittances to Cuba: Or Why Is It So Expensive to Send Mone... more A General Equilibrium Model of Family Remittances to Cuba: Or Why Is It So Expensive to Send Money to the Island? is part of the 2002 Annual Proceedings of The Association for the Study of the Cuban Economy.
The Effect of Socialism on the Entrepreneurial Abilities of Cuban-Americans is part of the 1996 A... more The Effect of Socialism on the Entrepreneurial Abilities of Cuban-Americans is part of the 1996 Annual Proceedings of The Association for the Study of the Cuban Economy.
As the title of my paper suggests, my comments will focus on institutions. Specifically, I wish t... more As the title of my paper suggests, my comments will focus on institutions. Specifically, I wish to emphasize that what we refer to as an economic system is a set of institutions, so that economic restructuring essentially involves institutional change. In this paper I will discuss some of the institutional requirements of a market economy and consider whether the changes occurring in Cuba are a substantial move in that direction or simply a public relations ploy to improve the Castro government’s image abroad.
The Effect of Learning English on the Earnings of Hispanic Men is part of the 1991 Annual Proceed... more The Effect of Learning English on the Earnings of Hispanic Men is part of the 1991 Annual Proceedings of The Association for the Study of the Cuban Economy.
We investigate the effect of speaking Spanish, for Hispanic children who grew up in the U.S., on ... more We investigate the effect of speaking Spanish, for Hispanic children who grew up in the U.S., on completed schooling and aptitude test scores using the NLSY79. We model the accumulation of traditional human capital and English fluency, leading to the joint determination of the outcome variables. We find that speaking Spanish reduces test scores with no significant effect on completed schooling. The reduced test scores: 1) increase in three of the tests when the parents are more educated; 2) are more dramatic when the choice of home language is endogenous; and 3) are not systematically greater for verbal tests.
It is said that one of the positive features that many transition economies of Eastern Europe and... more It is said that one of the positive features that many transition economies of Eastern Europe and the former Soviet Union have going for them as they try to close the gap with their western neighbors is their relatively high levels of education, and therefore of human capital. Campos and Coricelli (2002) charac- terize as the "conventional wisdom" the view
All former communist countries undergoing transi- tions to market economies have faced the diffic... more All former communist countries undergoing transi- tions to market economies have faced the difficult question of whether or not to compensate those whose property had been confiscated by the previous, now deposed, regime. If a country determines that it will give compensation, it must then decide who will be eligible, how much compensation will be given, and what form it
The North American Journal of Economics and Finance, 1994
Unnecessarily delaying perishable goods at customs is a tool that can be used to reduce the value... more Unnecessarily delaying perishable goods at customs is a tool that can be used to reduce the value of imported goods-thereby helping domestic producers of those goods-or to punish a country whose policies are not to the importing country's liking. In the absence of data on actual transit times of goods through customs, such delays are difficult to detect. The article looks for traces of such a policy in the behavior of prices and quantities of cut carnations in the United States, incorporating a model of the U.S. Customs Service as an agency that balances the interests of American producers and consumers into a model of the U.S. carnation market, where almost all imports come from Colombia. A key implication of the model is that the demand for imported carnations appears to be less elastic than it really is.
The Quarterly Review of Economics and Finance, 1997
The a.borigi?zaf d~t~b~Lt~~~ of ~a~~~~~a~ irk North Alnerka is found not to be positively related... more The a.borigi?zaf d~t~b~Lt~~~ of ~a~~~~~a~ irk North Alnerka is found not to be positively related to the richrkess of the n&ml ~~~r~~r~l~, cantmy to thr: ~edicti~~ of the ~~~u~th~s~ark model, the dominant one irk Anthr~lo~y. Great aln4ndurtce of some reso?&rces can encourage nomadism or rake thtz productivity of women, two detuminarkts qf the cost qfc/kildr??n, which I find are associated with lower abotiginal population density umong a sample of tribes of Norttk American Indians. POPULATION EQUILIBRIUM IN PRIMITIVE SOCIETIES 749 POPUIATION EQUILIBRIUM IN PRIMITIVE SOCIETIES 767 8. See the earlier quotation from Marshall Sahlins. 9. This rate was computed from those societies with both pre and post-epidemic estimates. 10. The important role of forest is because the implements of the Indians were not suitable for breaking up the tough grasses of open land (Driver and Massey, 1957, p. 225).
A model is presented in which scale economies give market production a cost advantage over househ... more A model is presented in which scale economies give market production a cost advantage over household production, but in which market production is limited by the extent of the market. The author views the production process as a series of stages, each further refining and specializing the product of the previous stage. As processing proceeds, the number of intermediate goods
... If agriculture were not possible, the constraint would continue on to point E. At the Other e... more ... If agriculture were not possible, the constraint would continue on to point E. At the Other end of the household's constraint, along segment CD, the household is engaged in both hunting-gathering and agriculture. In this range it is also the case that the constraint set is convex ...
This LSMS working paper includes two reports that are p t of a larger study on "Health Care Deman... more This LSMS working paper includes two reports that are p t of a larger study on "Health Care Demand and Resource Mobilization".
In this paper, we derive a discrete choice model of the demand for medical care from a theoretica... more In this paper, we derive a discrete choice model of the demand for medical care from a theoretical model that implies a natural interrelation between price and income.
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Papers by Luis Locay